4 days Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its stake in Gildan Activewear Inc. ( NYSE:GIL – Free Report ) (TSE:GIL) by 13.
2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 347,132 shares of the textile maker’s stock after buying an additional 40,416 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Gildan Activewear were worth $16,333,000 as of its most recent SEC filing. Several other large investors have also bought and sold shares of GIL. Norges Bank bought a new position in shares of Gildan Activewear during the fourth quarter valued at about $97,275,000.
Connor Clark & Lunn Investment Management Ltd. increased its stake in Gildan Activewear by 604.1% in the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 1,850,971 shares of the textile maker’s stock valued at $86,999,000 after buying an additional 1,588,071 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Gildan Activewear by 19.
5% during the 4th quarter. National Bank of Canada FI now owns 1,668,147 shares of the textile maker’s stock worth $78,571,000 after buying an additional 272,627 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Gildan Activewear by 545.
1% in the 4th quarter. CIBC Asset Management Inc now owns 1,210,314 shares of the textile maker’s stock worth $57,403,000 after buying an additional 1,022,695 shares during the last quarter. Finally, Intact Investment Management Inc.
grew its holdings in shares of Gildan Activewear by 7.1% in the fourth quarter. Intact Investment Management Inc.
now owns 1,057,520 shares of the textile maker’s stock valued at $49,763,000 after acquiring an additional 70,270 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.
Gildan Activewear Trading Down 0.8 % NYSE:GIL opened at $41.21 on Wednesday.
Gildan Activewear Inc. has a 1 year low of $32.23 and a 1 year high of $55.
39. The stock’s fifty day moving average price is $47.36 and its two-hundred day moving average price is $48.
18. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.
22 and a quick ratio of 0.98. The company has a market cap of $6.
24 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.76 and a beta of 1.
16. Gildan Activewear Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Wednesday, March 12th were paid a dividend of $0.
226 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.
90 annualized dividend and a yield of 2.19%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.
15. Gildan Activewear’s payout ratio is currently 36.00%.
Wall Street Analysts Forecast Growth A number of brokerages recently commented on GIL. UBS Group lifted their price target on Gildan Activewear from $60.00 to $69.
00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $60.00 to $65.
00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Citigroup raised their price objective on shares of Gildan Activewear from $59.00 to $62.
00 and gave the stock a “buy” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on shares of Gildan Activewear from $58.00 to $64.
00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price target on shares of Gildan Activewear from $53.00 to $58.
00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $60.00.
View Our Latest Stock Report on GIL Gildan Activewear Profile ( Free Report ) Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands. Featured Articles Want to see what other hedge funds are holding GIL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Gildan Activewear Inc. ( NYSE:GIL – Free Report ) (TSE:GIL). Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.
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